Dec. 9 at 12:06 AM
Actionable Trade Alert for
$GNTX:
Market Context:
$GNTX is currently trading at
$23.1, showing a strong upward momentum with an RSI of 64.63, indicating it is nearing overbought territory but still has room to run. The stock is above its 30-day moving average (MA30) of
$23.02, suggesting a bullish trend. However, it is below the 50-day moving average (MA50) of
$24.45, indicating potential resistance ahead.
Directional Bias: Given the recent high of
$29.38 and low of
$21.69 over the last 60 days, the stock has a solid range to work with. The current price is closer to the lower end of this range, providing an opportunity for upside.
Trade Plan:
- Suggested Entry:
$23.1
- Stop Loss:
$21.69 (low of the last 60 days)
- Take Profit Targets:
1.
$25.00 (Target 1, 8.2% ROI)
2.
$26.50 (Target 2, 14.4% ROI)
3.
$27.00 (Target 3, 17.5% ROI)
This trade plan allows for a strategic entry with a favorable risk-reward ratio.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
